Hornell, NY—14843
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hornell, NY
As of Oct '25, the median home price in Hornell, NY is $114,000, with a year-over-year change of -4.7%. This indicates that home prices in Hornell, NY are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $114,000 | -4.7% |
| Single Family | $114,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $97,000 | -4.0% |
3 Bed | $115,000 | -4.2% |
4 Bed | $125,000 | -6.0% |
| 5 Bed | $146,000 | -5.8% |
% of Housing Stock
Rental Trends — Hornell, NY
As of July '25, Rentcast reports the average rent in Hornell, NY is $1,080, with a year-over-year rent change of -20.6%. Per bedroom, the median rent as of July '25 in Hornell, NY is 1-bedrooms: $790, 2-bedrooms: $1,160, 3-bedrooms: $1,100, 4-bedrooms: $1,300. The most common rental property sizes in Hornell, NY are 2-bedroom and 3-bedroom, accounting for 33.1% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $645 | $790 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Hornell, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hornell, NY is 56. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $94,900 | -36.0% |
Listing Count | 50 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 56 | 18.0% |
Demographics — Hornell, NY
As of the latest ACS Survey released in 2023, Hornell, NY has a population of 12,500, which has decreased by -3.6% over the past 5 years. Hornell, NY is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | -3.6% |
% Under 18 | 18.8% | -13.4% |
% Seniors | 23.6% | 24.2% |
% WFH | 5.9% | 126.9% |
% w/ College Degree | 21.1% | 5.0% |
As of the latest ACS Survey released in 2023, Hornell, NY is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Hornell, NY is hispanic, making up 2.6% of the population. Foreign-born residents account for 3.8% of the population in Hornell, NY, and this percentage has increased by 18.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.8% | -2.2% |
% Black | 1.8% | 125.0% |
% Hispanic | 2.6% | 23.8% |
% Asian | 0.5% | -58.3% |
% Foreign Born | 3.8% | 18.8% |
Mortgage and Risk — Hornell, NY
According to HUD data as of 2023, there were 120 mortgage originations in Hornell, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hornell, NY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 120 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hornell, NY
Hornell, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 483 |
Total Units Section 8 | 445 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $645 | $770 |
| 2 Bedroom | -$170 | $1,100 | $930 |
| 3 Bedroom | $100 | $1,100 | $1,200 |
| 4 Bedroom | $270 | $1,300 | $1,570 |
Affordability — Hornell, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $114,000 |
| Median Household Income | $56,000 |